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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, April 29$ not earlier* Board of Governors of the Federal Reserve System April 28, 1938, CONDITION OF FEDERAL RESERVE BAMS During the week ended April 27 member bank reserve balances increased $114,000,000. Additions to member bank reserves arose from decreases of $6,000,000 in money in circulation, $107,000,000 in Treasury deposits with Federal Reserve banks and $5 ,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $3,000,000 in Reserve bank credit, $19,000,000 in gold stock, and $2,000,000 in Treasury currency offset in part by an increase of $28,000,000 in Treasury cash* Excess reserves of member banks on April 27 were estimated to be approximately $2,580,000,000, an increase of $90,000,000 for the week. Principal changes in holdings of bills and securities were a decrease of $21,000,000 in United States Treasury bonds and increases of $13,000,000 in Treasury notes and $8,000,000 in Treasury bills* Changes in member bank reserve balances and related items during the week and 4the year ended April 27, 1938, were as follows* Increase or decrease since April 27 1938 April 20 ......1238„. April 28 1937 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 13 million commitments — April 27) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R. banks Nonmember deposits and other F. R. accounts 8 1 2,564 *■**•" -3 “3 +38 17 -4 -+4 —6 -10 2,586 12,860 2,690 +3 +19 +2 +15 +1,078 +149 7,661 6,355 2,192 1,321 607 +114 —6 +28 -107 -5 +727 -26 -764 +1,226 +79 -2 ----- Form FR—283-a Released for publication Friday morning, April 29, 1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) 1928 Apr. 20. 1938 Apr. 28.1937 ASSETS Gold certificates on hand and due from U. S, Treasury • • « Redemption fund -'F. R, notes Other cash . Total reserves » ......... . Bills discounted* Secured by U.S. Gov’t obligations direct or fully guaranteed Other bills discounted * • Total bills discounted Bills bought in open market Industrial advances . . • . U, S. Government securities« Bonds . . . . . . . . . . . Treasury notes . . . . . . Treasury,bills . . . . . . Total U.S. Government securities Total bills and securities Due from foreign banks . . F. R. notes of other banks Uncollected items . . . . Bank premises • • * . . . All other assets . . . . . TOTAL ASSETS ........... 10,641,911 9,360 451.582 11,102,853 10,642,413 8,860 452.812 11,104,085 8,$43,402 9,595 ._289*126 9,142,133 5,592 2.879 8,471 550 16,973 6,472 3.068 9,540 550 17,056 9,366 ... 1*622 10,999 3,743 23,180 657,253 1,191,905 714.857 677,831 1,179,171 707,013 734,728 1,156,393 .635,119 2,564,015 2,564,015 2,526,240 2,590,009 170 20,672 523,357 44,765 2 ,591,161 170 19,952 578,264 44,804 44.400 2,564,162 230 21,033 626,231 45,861 45,495 14,327,165 14,382,836 12,445,145 4,120,373 4,120,798 4,176,990 7,661,269 1,321,319 131,802 211.655 9,326,045 527,113 133,478 147,739 27,683 32,915 11.819 7,547,076 1,427,718 135,486 213.212 9,323,492 586,356 133,489 147,739 27,683 32,915 10.364 6,933,816 94,747 96,017 173.966 7,298,546 619,975 132,183 145,854 27,490 36,142 ... 7.tm 14,327,165 14,382,836 12,445,145 LIABILITIES F, R. notes in actual circulation . . Deposits t Member bank *• reserve account . . . . U. S. Treasurer - General account . . Foreign bank . . . . . . . . . . . . Other deposits ........ . . . . . Total deposits . . . . . . . . . . Deferred availability items . . . . • Capital paid m . . . . . . . . . . . Surplus (Section 7) . . . . . . . . . Surplus (Section 13 b). . . . . . . . Reserve for contingencies . . . . . . All other liabilities ......... . TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . Contingent liability on bills purchased for foreign correspondents . . . . . 82.6# 1,103 1,103 784 Commitments to make industrial advances 12,735 12,825 17,528 82.6# 79.7% Form FR—283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 27, 1938 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 10,641,911 557,899 4,608,344 543,162 374 9,360 1,256 Redemption fund - F.R. notes 759 451,582 42,239 108,771 31,557 Other cash Total reserves 11,102,853 600,512 4,718,371 575,478 Bills discounted» Secured by U.S.Gov*t obligations, direct or fully guaranteed 5,592 2,082 572 979 Other bills discounted 181 248 2,879 633 Total bills discounted Bills bought in open market Industrial advances U. S.Government securities* Bonds Treasury notes Treasury bills Total U.S. Gov't securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 8,471 550 16,973 753 41 2,495 2,330 215 4,518 1,612 56 3,1*2 Cleve. Rich. Atlanta Chicago St,Louis Minn* Kans. Cy,, Dallas San Fran, 704,062 290,851 238,647 1,990,518 305,493 195,947 277,700 197,741 594 950 36O 445 430 909 723 1,126 41,910 31,460 18,483 67,549 15,893 9,912 30,578 13,960 731,547 1,434 39,270 746,922 323,034 258,256 2,058,512 321,980 206,768 308,638 212,131 772,251 376 195 452 332 253 493 210 -- 60 4o 70 37 122 208 168 178 248 334 571 51 890 784 24 1,735 746 19 119 210 68 682 100 3 160 107 2 549 330 16 456 346 16 904 582 39 1,323 657,253 47,412 1,191,905 85,982 714,857 51,568 191,191 53,966 346,716 97,866 207,948 58,696 63,027 35,882 28,560 114,299 65,070 51,793 68,551 39,027 31,063 71,067 30,561 22,654 31,947 24,937 128,877 55,420 41,081 57,934 45,223 77,295 33,239 .24,640 34,746 27,123 56,049 101,644 60,961 2,564,015 184,962 745,855 210,528 245,877 139,979 111,416 277,239 119,220 88,375 124,627 97,283 218,654 2,590,009 188,251 170 12 608 20,672 523,357 52,943 44,765 2,987 45,339 2,754 752,918 215,338 17 65 992 4,291 128,325 42,984 9,923 4,783 13,294 4,686 247,389 142,522 112,300 16 6 7 1,203 2,444 2,017 50,360 44,509 19,244 6,164 2,674 2,106 4,876 2,777 1,953 278,199 119,483 89,033 125,429 98,549 2 21 2 5 5 981 1,056 1,132 515 3,337 68,258 23,925 14,454 28,033 21,596 4,558 2,328 1,506 3,136 1,288 4,109 1,828 1,610 1,978 1,589 220,598 12 2,096 28,726 , 3,312 3,885 1-4,327,165 848,067 5,627,187 844,278 1,056,930 517,967 395,882 2,4l6,994 470,527 314,429 468,351 335,673 1,030,880 Form FR-283-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 27, 1938 (in thousands of dollars) L I ABI L IT I E S Total- Boston New York Phila, F.R.notes in actual circulation 4,120,373 328,443 894,169 306,571 Deposits* Member bank — reserve account 7,661,26.9 387,417 3 ,636,511 401,489 U.S.Treasurer - General account 1^21,319 37,167 646,803 43,873 Foreign bank 131,802 9,502 47,206 12,934 Other deposits 211,655 6,537 156,217 1,833 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies A H other liabilities TOTAL LIABILITIES 9,326,045 440,623 4,486,737 527,113 54,544 124,381 50,946 133,478 9,405 51,943 147,739 9,900 7,744 27,683 2,874 1,448 8,210 32,915 830 3,057 11,819 460,129 43,871 12,258 13,466 4,4ll 2,000 1,572 Cleve. Rich. Atlanta Chicago St,Louis Minn, Kans.Cy. Dallas San Fran, 409,366 189,250 148,108 963,352 176,267 136,729 165,639 77,905 324,574 498,821 207,276 167,461 1,154,320 201,792 105,384 221,875 169,475 45,760 48,423 39,928 165,568 46,613 41,712 38,001 46,177 12,142 5,675 4,619 15,705 3,959 3,036 3,827 3,827 7,516 8,753 3,305 2,017 6,222 3,219 523 3,010 509,448 121,294 9,370 12,503 564,239 270,127 215,313 1,337,610 258,586 153,351 264,226 222,489 70,583 24,919 14,803 28,110 24,001 50,420 43,34) 19,358 13,082 3,897 2,904 4,147 3,938 13,357 4,949 4,446 22,387 4,667 3,153 3,613 3,892 14,323 4,964 5,626 545 1,001 1,142 1,270 1,429 730 1,007 3,409 7,229 1,215 1,922 93* 1,776 3,177 1,401 1,603 566 540 431 402 1,322 698 l,04l 527 652,615 28,783 •10,149 9,805 2,121 2,000 833 14,327,165 848,067 5,627,187 844,278 1,056,930 517,967 395,882 2,416,994 470,527 314,429 468,351 335,673 1,030,880 Contingent liability on bills pur chased for foreign correspondents 1,103 Commitments to make industrial advances 12,735 79 396 108 102 48 39 1,436 3,944 121 1,547 1,504 181 131 -- 33 25 32 32 78 509 4l 295 244 2,913 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U, S. Government securities Total Within 15 days 16 to 30 days 8,471 550 16,973 2,564,015 6,836 223 1,665 93,734 288 95 96 115,354 31 to 60 days 6l to 90 days 508 573 157 75 541 470 338,218 217,672 91 days to 6 months 6 months to 1 Year 253 — — 1,912 123,584 13 — 3,577 126,351 — 1 Year to 2 Years — — mm mm 6,6l8 376,428 2 Years to 5 Years — — —— 2,094 576,569 Over 5 Years — — — — — — 596,105 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT OH APRIL 27, 1938 (In thousands of dollars) Total Boston New Xork Federal Reserve notes* Iqsued to F,R,bank by F.R.agent 4,434,356 360,293 Held by Federal Reserve bank 313,983 31,850 In actual circulation 4,120,373 328,443 Phila* Cleve, Rich, Atlanta Chicago St,Louis Minn* Kans.Cy, Dallas San Fran. 999,991 323,682 105,822 17,111 433,666 200,663 164,276 24,300 11,413 16,168 989,04ö 188,128 l4l,738 174,287 86,714 371,878 25,688 11,861 5,009 8,648 8,809 47,304 894,169 306,571 409,366 189,250 148,108 963,352 176,267 136,729 165,639 77,905 324,574 Collateral held by agent as seci*rity for notes issued to bank* Gold certificates on hand and due from U'. S. Treasury 4,541,632 370,000 1,015,000 337,000 Eligible paper 7,463 694 2,271 1,235 Total collateral 4,549,095 370,694 1,017,271 338,235 438,000 205,000 169,000 1,000,000 191,632 143,500 177,000 91,500 404,000 4ll 724 515 210 60 107 320 3*3 573 438,411 205,724 169,515 1,000,210 191,692 l43,607 177,320 91,843 404,573
@FedFRASER